Is 37866, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37866 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 37866 has remained a Buyer's Market.

Key Takeaway

37866 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 37866, TN

How much do homes in 37866, TN cost?

Median Sold Price

$903,000

$324/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$123,000(+15.8%)

Key Takeaway

Homes in 37866 have sold for 15.8% more than they did a month ago.

Summary: The median home sold price in 37866 was $903,000 in December 2024, up 15.8% from last month, and the median price per square foot was $324.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $780K$1.7M
+117.9%
4 -$106K
N/A
5+ --
N/A

Summary: 37866 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 117.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 37866, TN

How many homes are available in 37866, TN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1819+5.6%

Summary: The 37866 real estate market had 19 homes for sale in December 2024, a 5.6% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 22
0.0%
3 109
-10.0%
4 56
+20.0%
5+ 12
+100.0%

Summary: The 37866 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37866, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 37866 in December 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 37866, TN

How long does it take to sell a home in 37866, TN?

Average Sale Time

Nov 2024Dec 2024CHANGE
24 Days34 Days+40.8%

Summary: Homes in 37866 had an average of 34 days on market in Dec 2024, up by 40.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37866 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 2 homes were sold in 37866; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 7 Days Ago

Newest Listings in 37866, TN

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